Coronavirus Resources Updated

Paycheck Protection Program (PPP) 2.0

The recent federal COVID-19 relief bill has reopened PPP and enables new first-time recipients as well as second draws. The Mountain BizWorks PPP program aims to expand access to this vital relief to WNC small businesses and nonprofits.

Our PPP application site is open on a limited basis for sole proprietors and Schedule C filers that benefit from SBA’s recent PPP rule changes. We expect to close our portal by March 17 or sooner depending on application volume.

Where to Apply

To help expand PPP access to very small businesses that benefit from the recent rule changes, Mountain BizWorks is currently only accepting new PPP applications from sole proprietors, independent contractors, and self-employed individuals based in Western North Carolina (those that file IRS Form 1040 Schedule C). If you file a Schedule C, you may continue to apply via Mountain BizWorks using the appropriate link below. If you have already applied with us, thank you and we will be processing your request as quickly as possible. Contact us with any questions.

Apply for a PPP First Draw

Apply for a PPP Second Draw

Aren’t a Schedule C filer and still need to apply? Here are a couple partner lenders that may be able to assist you (note: to avoid processing delays, please only apply with a single institution).

Apply via Community Reinvestment Fund, a national CDFI and frequent Mountain BizWorks collaborator:
Apply via Community Reinvestment Fund (CRF)

Apply via First Horizon Bank, a locally-focused bank serving Western North Carolina (requires having or opening a checking deposit):
Apply via First Horizon Bank

A list of other PPP lenders is available on the SBA PPP site.

What are PPP Loans?

The SBA’s Paycheck Protection Program (PPP) loans are to provide short-term cash flow to help small businesses cover payroll and other essential operating costs. PPP loans may be eligible for forgiveness if the funds are used for payroll and other costs as directed by the SBA.

The new round of PPP includes funding for qualifying businesses which have not previously received any PPP funds, and also includes a second round of additional PPP funding for businesses that received PPP funds in 2020.

Free Consultation

Need help navigating the PPP process? Talk with a Disaster Funding Specialists.


Are businesses that didn’t get PPP the first time eligible to apply?

Businesses with fewer than 500 full- or part-time employees that did not receive a PPP loan in 2020 are eligible to apply for a PPP loan.


Can businesses that received PPP in 2020 apply for more PPP?

Any business which received a PPP loan in 2020 received what the SBA is calling a ‘First Draw PPP Loan’ and is not eligible to receive another First Draw PPP Loan, but may be eligible for a ‘Second Draw PPP Loan’.

Second Draw PPP Loans are intended for borrowers that previously received a PPP loan and have used or will use the full amount of the initial PPP loan for authorized purposes. In general, the legislation made the eligibility requirements for Second Draw PPP Loans narrower than the eligibility requirements for First Draw PPP Loans. A borrower is eligible for a Second Draw PPP Loan only if it has 300 or fewer employees and experienced a revenue reduction in 2020 relative to 2019. Like the first round of PPP funding, Second Draw PPP loans may be eligible for forgiveness if the funds are used for payroll and other costs as directed by the SBA.

How does PPP loan forgiveness work?

If you are an existing Mountain BizWorks PPP client, please contact us for instructions on how to submit your forgiveness application.

PPP Loans may qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement:

  • Employee and compensation levels are maintained
  • The loan proceeds are spent on payroll costs and other eligible expenses; and
  • At least 60 percent of the proceeds are spent on payroll costs

A PPP borrower can apply for forgiveness once all loan proceeds for which the borrower is requesting forgiveness have been used. You can apply for forgiveness any time up to the maturity date of the loan. If you do not apply for forgiveness within 10 months after the last day of the covered period, then PPP loan payments are no longer deferred, and you will begin making payments on your PPP loan.

Loan-Sizing Worksheets for PPP First Draws


Get more information

Visit SBA’s Paycheck Protection Program website for full program details.

Other Federal, state, and locally based financial resources may be more appropriate or may complement the resources available through this program. For more information on other financial resources, visit our COVID-19 Rapid Recovery Financing Options page.

If you need additional assistance, please visit our COVID-19 Funding Help Center.


Find Answers

Join us for our weekly webinar

Get the latest information on a new round of Paycheck Protection Program (PPP) Funding approved as part of the new Stimulus Package passed by Congress at the end of 2020. As this new round is rolled out, we’ll share what we know, what you should expect, anticipated timelines, where to find resources, and how to participate. We’ll share the latest information, then open up the Zoom session for questions for our Mountain BizWork panel to help you make the right decision and navigate the process. We’ll focus primarily on the PPP program, but will also briefly outline some of the alternative support provided for in the latest Stimulus Package. If you can’t make it for the live sessions, we do plan to record the sessions and make them available on our website.

Get more info


Weekly webinar series

Every Tuesday at 3:00 pm, we are hosting a one-hour webinar to update you on the latest program developments, review key information, and answer any questions you may have.


Webinar Recordings

PPP 2.0 Info Update Webinars



Talk to a specialist

Need help navigating the forgiveness process?

We understand navigating PPP and the other available COVID-19 response resources can be challenging. Our Disaster Funding Specialists are available at no cost to answer your questions about PPP forgiveness.


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